Demonetisation: 500 and 1000 Notes Can Still Be Exchanged At RBI Counters


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500 and 1,000 rupee notes can be still exchanged for new currency at RBI counters despite the facility was drawn out from all banks.
Yesterday, the government had notified that the demonetised 500 and 1,000 rupee notes can no more be exchanged at bank counters. The Banks can now only accept deposits.

The Central bank in a statement said “The RBI advises members of public that exchange of banknotes in Rs 500 and Rs 1,000 denominations, whose legal tender status has been withdrawn, will continue to be available at the counters of the Reserve Bank up to the current limits per person as hitherto,”

The limit to interchange old notes was recently set at Rs 2,000 per individual. The facility of exchanging demonetised currency notes “is no longer available at other banks’ counters” said Reserve Bank Of India.

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Demonetisation: 500 and 1000 Notes Can Still Be Exchanged At RBI Counters

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